Robinhood Enters Indonesia Market

Robinhood is acquiring two local Indonesian financial firms:

• PT Buana Capital Sekuritas
• PT Pedagang Aset Kripto

(a brokerage and a licensed digital asset trading firm).

This marks a significant step in its global expansion strategy.

Bulgarian Government Resigns After Street Protests

The reason for the protests has been cited as economic policies and a perceived failure to tackle corruption.  

Consequently, PM Rossen Zhelyazkov has tended in his government's resignation. The PM has survived previous motions of no confidence - the government he runs has served less than a year in office.

Bulgaria's first budget in Euros has been withdrawn.  

Bulgaria's current currency is the Lev (1 USD = 1.66 Lev). Eurobarometer has said 49% of Bulgarians are against the Euro.

IBM to acquire Confluent

Moore Threads IPOs in China

Shanghai-based Moore Threads is a Chinese competitor to Nvidia which has raised the equivalent of more than $1bn.  Investors rushed in betting Beijing's push to end foreign technology reliance is now fully on.

The company was founded five years ago in 2020 by former Nvidia executive Zhang Jianzhong. 

Moore designs GPUs which have proven very useful in AI training. While analysts say China made chips lag behind foreign counterparts - friendly policies and investor keenness for AI related businesses - creates a strong environment for continued innovation.

Money raised will go to fund new R&D.

Netflix Acquiring Warner Bros for $82.7bn

The deal would give Netflix rights to several iconic franchises including DC Comics, Harry Potter and Lord of the Rings.

Owning the franchise means controlling the legal rights to exploit the intellectual property across different media and commercial formats such as films, TV, video games and merchandise and theme parks.

A key metric giving insight into the strategic rationale - content released in the last year make up 5% of titles on Netflix, drives 20% of viewing - showing engagement is directly correlated to content spend.

Cardamon's Price Rise due to Weather Pressures

Cardamom, a spice prized for its aromatic flavour, has seen a price rise in recent years owing to extremes of weather. 

In 2024 had India lost crop due to heat, and in Guatemala, 60% of crop was lost that season too. 

Guatemala is the world's largest cardamom producer, having overtaken India in production in recent years due to rich volcanic soil and export driven farming.

Cardamom is the third costliest spice by weight, after saffron and vanilla.

In India, technological solutions are being found to help cardamom farmers, piloted by the Indian Cardamom Research Institute (ICRI), based in Myladumpara, Kerala.